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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities      
Net earnings $ 14,439 $ 12,121 $ 10,111
Adjustments to reconcile net earnings to net cash provided from operating activities:      
Depreciation 3,162 3,183 2,958
Amortization 1,033 980 951
Deferred taxes 2,428 (1,330) 9
Premium amortization, net of discount accretion 4,576 4,974 4,196
Net realized gain on securities transactions (167) (82) (77)
Gain on loans held for sale (1,981) (1,718) (1,053)
Provision for loan losses 2,850 3,640 2,175
Origination of loans held for sale (64,817) (62,620) (59,217)
Proceeds from loans held for sale 67,465 65,642 60,318
Write-down of other real estate and repossessed assets 12 122 172
Net (gain) loss on sale of premises, equipment, other real estate owned and other assets (906) 108 132
Stock based compensation 355 211 237
Net change in accrued interest receivable and other assets (15) (3,786) (3,781)
Net change in accrued interest payable and other liabilities 1,235 964 (8,917)
Net cash provided by operating activities 29,669 22,409 8,214
Securities available for sale:      
Purchases (517,155) (250,485) (414,191)
Proceeds from sales 213,813 103,942 140,668
Proceeds from maturities and principal repayments 225,516 259,719 246,113
Securities held to maturity:      
Purchases 0 (86,642) (9,088)
Proceeds from sales 3,298 1,866 0
Proceeds from maturities and principal repayments 9,516 18,336 13,835
Net purchases of premises and equipment (2,320) (1,599) (4,013)
Net proceeds from sale of premises, equipment, other real estate owned and other assets 2,279 2,609 1,290
Net increase in loans (118,754) (184,126) (120,155)
Net cash used in investing activities (183,807) (133,981) (147,495)
Cash flows from financing activities      
Net change in deposits 99,529 105,966 229,458
Net change in securities sold under agreements to repurchase 2,020 (2,104) 3,565
Proceeds from FHLB advances 60,000 120,178 0
Repayment of FHLB advances (70,017) (86,350) (90,197)
Proceeds from other debt 2,000 19,000 18,000
Repayment of other debt (20,286) (18,714) (11,000)
Issuance of debentures 0 0 9,000
Repayments of debentures (5,500) (2,000) (2,000)
Purchase of treasury stock 0 (12,218) (14,568)
Sale of treasury stock 0 8,557 0
Exercise of stock options 84 36 0
Sale of common stock 55,755 0 7,266
Cash dividends (5,562) (4,615) (4,526)
Net cash provided by financing activities 118,023 127,736 144,998
Net change in cash and cash equivalents (36,115) 16,164 5,717
Cash and cash equivalents at beginning of year 127,543 111,379 105,662
Cash and cash equivalents at end of year 91,428 127,543 111,379
Supplemental disclosures of cash flow information      
Interest paid 12,119 10,966 7,929
Income taxes paid 6,660 5,810 3,350
Supplemental schedule of noncash investing and financing activities      
Transfer loans to other real estate owned and repossessed assets 1,775 6,241 808
Common stock issued in acquisitions 0 0 27,676
Transfer of KSOP shares 0 (8,261) 0
Terminated KSOP put option (34,300) 0 0
Net change in fair value of KSOP shares 2,639 1,538 (1,513)
Denton, Texas Branch Location      
Securities held to maturity:      
Acquisition of business, net of cash paid 0 2,399 0
DCB      
Securities held to maturity:      
Acquisition of business, net of cash paid 0 0 (2,308)
Texas Leadership Bank      
Securities held to maturity:      
Acquisition of business, net of cash paid $ 0 $ 0 $ 354